Coinbase CEO Brian Armstrong urges US legislators to support stable coin legislation for onchain interest income

Coinbase CEO Brian Armstrong urges US legislators to support stable coin legislation for onchain interest income

Coinbase CEO Brian Armstrong demands support for stablecoin legislation in the USA

Brian Armstrong, CEO of Coinbase, has asked the US legislators to promote the development of stable coins through corresponding legislation. His statements emphasize the importance of regulative measures that would make it possible to generate interest on onchain income.

stablecoins, digital currencies that are bound to traditional assets such as the US dollar have become more important in recent years. They offer stable pricing and make it possible to participate in the advantages of blockchain technology without being exposed to the volatility of other cryptocurrencies.

Armstrong points out that clear legislation in this area not only increases the safety of users, but can also promote innovations in the financial sector. A stable regulatory framework could help strengthen trust in digital currencies and attract more investments in this emerging market.

The discussion about StableCoin laws is becoming increasingly important in the United States, since the interest of the public and investors in digital assets is growing continuously. The creation of a legal framework could also help to eliminate legal uncertainties that could currently deter potential users and investors.